Geely Holding, Foxconn sign deal to improve OEM production

Foxconn-Geely partnership

Zhejiang Geely Holding Group has sealed a partnership with Foxconn Technology Group that will help boost OEM production.

Aside from that, the agreement between the two will also pave way for comprehensive customized consulting services for whole vehicles, parts, intelligent drive systems, automotive ecosystem platforms, electric vehicle industry value chain, among others to global automotive enterprises.

In its statement, Geely Holding said that the latest venture will “revolutionize the automotive industry and will help automakers accelerate their transition to new innovative and efficient manufacturing processes and business models based on CASE (Connected, Autonomous, Shared, and Electrified) technologies.”

The partnership will give both Geely Holding Group and Foxconn an equal share of the venture and the board of directors will consist of five members: three from Foxconn and a pair from Geely Holding.

Geely Holding Group Chairman Li Shufu graced the event while Geely Holding Group President An Conghui (who also stands as Geely Auto Group President CEO) signed the deal for the automotive firm. Foxconn, on the other hand was represented by its founder Terry Gou, with Foxconn chair Young-way Liu signed the agreement on their behalf.

Foxconn-Geely partnership

The Foxconn chair said that such partnership is monumental for both companies.

“This alliance between Geely Holding and Foxconn represents a milestone in cooperation between the automotive industry and ICT industry. With Foxconn’s globally leading R&D technologies, intelligent manufacturing, and hardware-software integration capabilities, the two parties form a highly complementary partnership which allows us to better serve and meet the diverse needs of different customers, and offer the most advanced, fastest, cost-effective full value-chain vehicle production service platform,” Liu explained.

“The partnership with Geely Holding does not just align with our company’s vision of “3+3=∞” which symbolizes the infinite possibilities created by Foxconn’s industrial advancement and emerging technologies, it will also result in tremendous change in the development of the automotive industry. I look forward to the great potential that this partnership will bring about.”

Foxconn-Geely partnership

Zhejiang Geely Holding Group CEO Daniel Donghui Li echoed the Foxconn executive’s claims.

“This cooperation between Foxconn and Geely is of great significance to both parties. The current global automotive industry is undergoing profound changes. We must actively embrace change, build alliances, and synergize global resources to create greater value for our end users,” he said.

“Foxconn’s professional capabilities, rich experience, and global layout in the ICT industry offer important insight for the transformation and evolution of the automotive industry. Geely Holding Group will give full play to its advantages in the automotive fields of design, engineering, R&D, intelligent manufacturing, supply chain management, and quality control while joining forces with Foxconn to develop together and explore new pathways for transforming, improving, and achieving high-quality development of the manufacturing industry” Donghui Li said.

Photos from Sojitz G Auto Philippines

Also read:

Geely Azkarra, Coolray to be offered with N95 Air Filters in PH

Geely PH cites biggest accomplishments in 2020

From 2020 Onwards, Geely Cars Will Have N95-Grade Air Purification

Read All

Featured Articles

Recommended Articles For You

Read All

Featured Geely Cars

  • Upcoming

Geely Car Articles From Zigwheels

  • News
  • Article Feature
  • Road Test
  • Geely PH officially rolls out Okavango Elite
    Geely PH officially rolls out Okavango Elite
    Cesar Miguel . Jun 30, 2025
  • Geely to release Farizon V6E in PH?
    Geely to release Farizon V6E in PH?
    Ruben Manahan IV . Jun 24, 2025
  • Geely Okavango Elite to make formal debut by end of month
    Geely Okavango Elite to make formal debut by end of month
    Paulo Papa . Jun 20, 2025
  • Geely PH to update Okavango?
    Geely PH to update Okavango?
    Ruben Manahan IV . Jun 11, 2025
  • Geely introduces Yinhe M9 to headline new “Five by Five” strategy
    Geely introduces Yinhe M9 to headline new “Five by Five” strategy
    Cesar Miguel . May 29, 2025
  • Cushy 7-seater skirmish: GAC M6 Pro vs. Geely Okavango
    Cushy 7-seater skirmish: GAC M6 Pro vs. Geely Okavango
    Cesar Miguel . Feb 25, 2025
  • Toyota Raize vs Kia Sonet, Geely GX3 Pro, MG ZS
    Toyota Raize vs Kia Sonet, Geely GX3 Pro, MG ZS
    Paulo Papa . Feb 20, 2025
  • Changan CS15 vs. the competition
    Changan CS15 vs. the competition
    Cesar Miguel . Dec 16, 2024
  • Small crossover skirmish: Changan CS15 vs. Geely GX3 Pro
    Small crossover skirmish: Changan CS15 vs. Geely GX3 Pro
    Cesar Miguel . Nov 29, 2024
  • Crossover comparo: New Geely Coolray vs. GAC Emzoom
    Crossover comparo: New Geely Coolray vs. GAC Emzoom
    Paulo Papa . Sep 10, 2024
  • Compelling crossover: Geely GX3 Pro Comfort
    Compelling crossover: Geely GX3 Pro Comfort
    Paulo Papa . May 13, 2024
  • Staying cool: Geely Coolray Sport
    Staying cool: Geely Coolray Sport
    Paulo Papa . May 03, 2024
  • Winning combination: 2022 Geely Okavango Urban Plus
    Winning combination: 2022 Geely Okavango Urban Plus
    Dylan Afuang . Sep 02, 2022
  • Big car energy: 2022 Geely Emgrand Premium
    Big car energy: 2022 Geely Emgrand Premium
    Roy Robles . Feb 25, 2022
  • The killer app: 2022 Geely Coolray Sport Limited
    The killer app: 2022 Geely Coolray Sport Limited
    Roy Robles . Jan 21, 2022